ACC 541 Course Success is a Tradition - snaptutorial.com

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ACC 541Course Seek Your Dream / snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Entire Course For more classes
visits www.snaptutorial.com ACC 541 Week 1
Individual Assignment Accounting Standards Boards
Paper ACC 541 Week 1 DQ 1 ACC 541 Week 1 DQ 2 ACC
541 Week 2 Individual Assignment Client
Understanding Paper ACC 541 Week 2 DQ 1 ACC 541
Week 2 DQ 2 ACC 541 Week 3 Individual Assignment
Response to Client Request I
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 1 DQ 1 For more classes
visits www.snaptutorial.com Week 1 DQ 1 What
is the importance of the mission of the FASB?
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 1 DQ 2 For more classes
visits www.snaptutorial.com Week 1 DQ 2 Under
current GAAP, goodwill is recorded when purchased.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 1 Individual Assignment Accounting
Standards Boards Paper For more classes
visits www.snaptutorial.com The International
Accounting Standards Board (IASB) and the
Financial Accounting Standards Board (FASB) are
currently working on a joint venture referred to
as the convergence project.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 2 DQ 1 For more classes
visits www.snaptutorial.com Week 2 DQ 1 What
are the four criteria used for determining if a
lease is to be treated as a capital lease? (This
question can be expanded to discuss the income
statement and balance sheet implications of both
a capital lease and an operating lease.)
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 2 DQ 2 For more classes
visits www.snaptutorial.com Week 2 DQ
2 Under current GAAP, goodwill is recorded when
purchased.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 2 Individual Assignment Client
Understanding Paper For more classes
visits www.snaptutorial.com As a newly hired
Staff I, you are responsible for analyzing the
work papers for one of the clients of your
organization. Your client is not clear about why
you are asking for information on the following
topics
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 3 DQ 1 For more classes
visits www.snaptutorial.com Week 3 DQ 1 Capital
leases and operating leases are the two
classifications of leases described in FASB
pronouncements from the standpoint of the
lessee. Describe how an operating lease would be
accounted for by the lessee both at the inception
of the lease and during the first year of the
lease, assuming the lessee makes equal monthly
payments at the beginning of each month of the
lease. Describe the change in accounting, if any,
when rental payments are not made on a
straight-line basis.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 3 DQ 2 For more classes
visits www.snaptutorial.com Week 3 DQ 2 On
January 1, 2006, Von Company entered into two
noncancelable leases for new machines to be used
in its manufacturing operations. The first lease
does not contain a bargain purchase option the
lease term is equal to 80 percent of the
estimated economic life of the machine. The
second lease contains a bargain purchase option
the lease term is equal to 50 percent of the
estimated economic life of the machine. How
should Von classify each of the two leases? Why?
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 3 Individual Assignment Response to
Client Request I For more classes
visits www.snaptutorial.com While working on a
consulting engagement, a supervisor in your team
has given you an assignment. The client is a
regional trucking company. A new customer has
approached the client with an opportunity that
would require 120 trailers20 more than the
trucking company currently owns. The client is
uncertain how long the relationship with the
customer may last, but the deal has the potential
for significant growth.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 4 DQ 1 For more classes
visits www.snaptutorial.com Week 4 DQ 1 Discuss
contingencies and how they are reported on
financial statements. What conditions must be met
before a contingency can be charged against
income?
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 4 DQ 2 For more classes
visits www.snaptutorial.com Week 4 DQ 2 The
two basic requirements for the accrual of a loss
contingency are supported by several basic
concepts of accounting. Four of these concepts
are periodicity (time periods), measurement,
objectivity, and relevance. Discuss how the two
basic requirements for accrual of a loss
contingency relate to the four concepts listed
above.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 4 DQ 2 For more classes
visits www.snaptutorial.com Week 4 DQ 2 The
two basic requirements for the accrual of a loss
contingency are supported by several basic
concepts of accounting. Four of these concepts
are periodicity (time periods), measurement,
objectivity, and relevance. Discuss how the two
basic requirements for accrual of a loss
contingency relate to the four concepts listed
above.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 4 Individual Assignment Response to
Client Request II For more classes
visits www.snaptutorial.com Your client is being
sued. You have asked the clients lawyer about
the possibility of losing the lawsuit. The
client, meanwhile, has asked you to describe what
would happen to his or her financial statements.
The client has also informed you that by losing
the lawsuit, he or she anticipates losing the
mortgage and has started talking to a mortgage
lender. The client wants to know if part of the
debt is forgiven, or if the mortgage is
rewritten, or if the mortgage will be rewritten
if he or she files Chapter 11.
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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 5 DQ 1 For more classes
visits www.snaptutorial.com Week 5 DQ 1 Explain
operating segments of an enterprise. .











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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 5 DQ 2 For more classes
visits www.snaptutorial.com Week 5 DQ 2 The
concept of adequate disclosure continues to be
one of the most important issues facing
accountants, and disclosure may take various
forms. Discuss the various forms of disclosure
available in published financial statements. .











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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 5 Individual Assignment Reporting
Paper For more classes visits www.snaptutorial.c
om You are a controller in a midsized
manufacturing company that has acquired 100 of
another company. The acquired company includes
two segments and two different pension plans.
Both of these reporting issues are new to your
CEO, and your CEO wants to eliminate the
segments.









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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 6 DQ 1 For more classes
visits www.snaptutorial.com Week 6 DQ 1 A
corporation may use stock splits and stock
dividends to change the number of shares of its
stock outstanding. From an accounting viewpoint,
explain how the stock split effected in the form
of a dividend differs from an ordinary stock
dividend. .










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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 6 DQ 2 For more classes
visits www.snaptutorial.com Week 6 DQ 2 What
type of accounting or which area of accounting
are you planning to enter as your profession?
Why?





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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 6 Team Assignment Auditing a
Publicly Traded Company For more classes
visits www.snaptutorial.com As a Staff I
assigned to the audit of a publicly traded
company, your senior has asked you to evaluate
both share-based payment reporting and special
purpose entities (SPE) reporting for the
company. Research share-based payment reporting
and SPE reporting individually. .











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ACC 541Course Seek Your Dream / snaptutorial.com
ACC 541 Week 5 DQ 1 For more classes
visits www.snaptutorial.com Week 5 DQ 1 Explain
operating segments of an enterprise. .











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ACC 541Course Seek Your Dream / snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com